Thu 22 May 2008
SIGMAFOREX SERVICES wrote an interesting post today on
Here’s a quick excerpt
Momentum It measures the amount of change in commodity’s price during a period of time. Momentum indicators presume that the current tendency will continue. So, if the indicator reaches the extremely high values and then turns downwards, the coming price increasing should be expected. But, in any case, one should not open/close position before the prices confirm the signal of the indicator. Momentum line goes long when: Momentum crosses to below the oversold level and then rises back a
Read the rest of this great post here
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